Looking Into Campbell Soup's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Campbell Soup (NYSE:CPB) has seen a 6.07% increase in its short percent of float since the last report, reaching 7.34% of all shares available for trading. With 14.02 million shares sold short, it would take about 5.63 days for traders to cover their short positions. This rise in short interest indicates a more bearish market sentiment towards CPB, although it doesn't necessarily predict a near-term price drop. Compared to its peers, CPB has a higher short interest percentage, with the average being 4.17%.
February 19, 2024 | 4:45 pm
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Campbell Soup's short interest has increased to 7.34% of its float, indicating a bearish sentiment among investors. This is higher than the peer average of 4.17%.
The increase in short interest for Campbell Soup suggests that investors are becoming more bearish on the stock. This could lead to increased selling pressure in the short term, potentially impacting the stock price negatively. The comparison with peers highlights that this sentiment is particularly strong for CPB, as its short interest is significantly higher than the average.
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IMPORTANCE 75
RELEVANCE 100